Shares of flag carrier Garuda Indonesia (GIAA) ended lower by 1.6% to Rp61 on Thursday (May 4) even when the airline reported a strong recovery in the first quarter. Garuda, which has been struggling with debt restructuring and recovery of fleets, booked operating revenues of US$603 million in the first quarter (Q1) of 2023, jumped 72.3% year on year (y/y).To subscribe please click here
